Versant debut earnings report shows continued pay TV pressure, digital growth

Net income attributable to Versant was $930 million, and the company reported $2.18 billion in standalone adjusted earnings before interest, taxes, depreciation and amortization. The company's board also declared a $0.375 per share quarterly dividend, which represents an annualized dividend of $1.50 per share, and authorized a $1 billion share repurchase program. Due to its low debt load and high-margin business, Versant executives have said they plan to return value to shareholders. Mark Lazarus, CEO of Ve ...